Budget Paper No. 2
2011-12 Budget Statement
Contents 
Chapter 1: Budget Context and Strategy
1.1 Introduction
1.2 The Rebuilding Task
1.3 The Fiscal Strategy
1.4 The 2011-12 Budget
1.5 The Impact of the Budget on the Fiscal Gap
Chapter 2: The Economy
2.1 Introduction
2.2 Overview
2.3 Economic Outlook
2.4 Risks to the Economic Outlook
Chapter 3: Budget Position
3.1 Introduction
3.2 Budget Position for 2011-12
3.3 Budget Position for 2014-15
3.4 Capital Expenditure
3.5 Balance Sheet
3.6 Cash Flow
3.7 Budget Risks
Chapter 4: General Government Expenses
4.1 Introduction
4.2 Government Priorities
4.3 Managing Expenses
4.4 Expense Trends
4.5 Policy Priorities
Chapter 5: General Government Revenues
5.1 Introduction
5.2 Revenue Policy Changes
5.3 Tax Forum
5.4 Revenue Trends
5.5 Taxation Revenue
5.6 Grant Revenue
5.7 Other Revenues
5.8 Revenue Risks
5.9 Tax Expenditures and Concessions
Chapter 6: Federal Financial Relations
6.1 Introduction
6.2 GST Revenue
6.3 Specific Purpose Payments
6.4 COAG Reform Agenda
Chapter 7: Liability Management
7.1 Introduction
7.2 Net Debt and Net Financial Liabilities
7.3 Unfunded Superannuation
7.4 Insurance
7.5 Financial Asset and Liability Management
Chapter 8: Public Trading Enterprises
8.1 Introduction
8.2 Operating Performance
8.3 Dividends and tax equivalent payments
8.4 Capital Expenditure
8.5 Major Sectors
Chapter 9: Uniform Financial Reporting
9.1 Introduction
9.2 Uniform Presentation Framework
9.3 Primary Financial Statements
9.4 Emerging Issues
9.5 Uniform Presentation Tables
9.6 Loan Council Allocation
Appendices
A. Statement of Accounting Principles and Policies
B. Classification of Agencies
C. 2010-11 Budget - Summary of Variations
D. Progress against Fiscal Responsibility Act 2005 Targets and Principles
E. Tax Expenditure and Concessional Charges Statement
Glossary
Chart and Table List
For further information about the New South Wales Budget Papers, contact the New South Wales Treasury, Governor Macquarie Tower, 1 Farrer Place, Sydney 2000 or email to NSW Treasury.